BusinessInsuranceSECP

SECP holds a Roundtable on enhancing insurance outreach by leveraging technology

ISLAMABAD: The SECP organized a roundtable on the role of Insurance Intermediaries for enhancing insurance outreach by leveraging technology. The Commissioner, SECP, Ms. Sadia Khan chaired the session.

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The session designed for the insurance brokers and insurance web aggregators to deliberate on ideas to use technology-enabled solutions for enhancing insurance distribution and simplify payments systems. Ms. Sadia Khan emphasised for need of promoting digitalization in the insurance sector and stressed for providing convenient and cost-effective insurance products to meet the protection needs of the masses.

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The participants appreciated the initiative of SECP of engaging to insurance intermediaries and shared a number of proposals for further improving insurance landscape by sing digital means. The participants also highlighted some current issues impeding industry’s progress. It was also suggested to share industry-wide data, particularly claims processing to further raise the trust and confidence of the policyholders.

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